Economics in One Lesson

Hazlitt argues for the importance of considering long-term economic consequences when proposing economic policies. Since the 1980s, the kind of laissez-faire capitalist policies Hazlitt advocated have become prominent in the United States, placing many of Hazlitt’s ideas into practice. What have been the long-term consequences, both good and bad, of some of Hazlitt’s ideas in the modern US economy?

Closely analyze some of Hazlitt’s rhetorical strategies throughout Economics in One Lesson. What rhetorical strategies does he use in an attempt to engage the reader, make his arguments accessible to a general audience, and/or attempt to persuade?

Consider Hazlitt’s views on tariffs, and contrast his views with that of a rival economist. How are the two economists different or similar in their views? What are the strengths and weaknesses of their arguments?